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    <guid>https://wearethemusicmakers.co/news/2026/02/universal-owns-cd-baby-fuga-songtrust-downtown-deal-closed</guid>
    <title>Universal now owns CD Baby, FUGA and Songtrust: the Downtown deal closed, and what indie artists should check</title>
    <link>https://wearethemusicmakers.co/news/2026/02/universal-owns-cd-baby-fuga-songtrust-downtown-deal-closed</link>
    <description>Virgin Music Group, part of Universal, completed its $775 million purchase of Downtown on 20 Feb 2026, a week after EU regulators cleared it on condition that one unit, the Curve royalty platform, be sold. CD Baby, FUGA and Songtrust now belong to a major label group, and the regulator&#39;s scrutiny of data stopped at Curve.</description>
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